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Insurance

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Rockwell Collins gets earnings bump from B/E Aerospace

Cedar Rapids-based Rockwell Collins Inc. reported sales for the first quarter of fiscal year 2018 of $2.01 billion, a 69 percent increase from the same period in fiscal year 2017. Revenue growth was 9 percent …
By BPC Staff | Jan 26, 2018
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Liberty Mutual sells life unit, realigns P/C business

Liberty Mutual Insurance Co. announced Friday that it will sell its life and disability insurance unit to Lincoln Financial Group for about $3.3 billion, Business Insurance reported. Through its purchase of Boston-based Liberty Life Assurance Co., …
By BPC Staff | Jan 22, 2018
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Ommen to chair NAIC’s life and annuities committee

The National Association of Insurance Commissioners has named Iowa Insurance Commissioner Doug Ommen the chair of its Life Insurance and Annuities Committee, also known as its “A” Committee. “Insurance is the purchase of a promise,” …
By BPC Staff | Jan 22, 2018
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AgencyBloc acquires GBS

AgencyBloc Inc., an Iowa-based agency management system and commissions processing software provider for life and health insurance agencies, has acquired GBS Inc., a pioneer of the insurtech industry founded in 1979. AgencyBloc was founded in Cedar Falls …
By BPC Staff | Jan 17, 2018
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Study: Insurance regulators less likely to intervene in election years

New research from the Wisconsin School of Business has found that the likelihood of regulatory interventions by state insurance departments decreases significantly in election years. The University of Wisconsin-Madison researchers concluded that appointed state insurance …
By BPC Staff | Jan 16, 2018
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Stock Watch 2017: Winnebago tops Iowa Index

Apparently investors think we have an aging population that’s ready to retire, buy a new RV and hit the country roads for an outdoors adventure. 

Forest City-based Winnebago Industries Inc. topped the Iowa Index list …
By CHRIS CONETZKEY | Jan 16, 2018
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MetLife launches U.S. insurtech accelerator

As the Global Insurance Accelerator begins its fourth class this month in Des Moines, New York-based MetLife has announced the launch of its own insurtech accelerator. The company will host the MetLife Digital Accelerator on …
By BPC Staff | Jan 10, 2018
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Eight startups, four countries, one insurtech accelerator

The Global Insurance Accelerator today announced its largest class yet, with eight startup companies from four countries and in technologies applicable to all lines of insurance businesses. The Des Moines-based accelerator, now in its fourth …
By BPC Staff | Jan 10, 2018
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EMC, Blackbird plan major downtown land swap

EMC Insurance Co. plans to acquire the vacant parcel at 701 Walnut St. in downtown Des Moines where a high-rise apartment building had been planned, under a property exchange with the site’s owner, Blackbird Investments, …
By BUSINESS RECORD STAFF | Jan 10, 2018
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Principal rings Nasdaq opening bell

Dan Houston, chairman, president and CEO of Principal Financial Group, this morning rang the opening bell for the Nasdaq market in New York City. Principal joined Nasdaq from the New York Stock Exchange on Dec. …
By BPC Staff | Jan 9, 2018